The acquisition, holding, management and administration of participations, on its own account or on behalf of third parties, as representative or in a fiduciary capacity, in any type of companies or enterprises, located in Switzerland or abroad, in the sense of a holding company, by acquiring shares, bonds, participations, holding claims in any suitable form, acquiring patents and trademarks. The company may carry out all financial, commercial, industrial, movable and immovable transactions with exclusively commercial allocation that would be in direct or indirect relation with its main purpose. It may grant loans to its shareholders or third parties, act as guarantor for loans subscribed by its shareholders or third parties, guarantee these loans by subscribing to any financial commitment and pledge its assets to secure any claim. It may buy, sell and manage all properties with exclusively commercial allocation; establish branches, subsidiaries and establishments in Switzerland and abroad; manage any foreign subsidiary.