The acquisition, holding, administration, management, sale, in Switzerland or abroad, of all participations in all companies, in the sense of a holding company, including the acquisition, direct or indirect, of real estate, which will be exclusively commercial, if located in Switzerland; the company may also carry out, either on its own account or on behalf of third parties, all financial, commercial, industrial, movable and immovable transactions, in Switzerland and abroad, directly or indirectly related to the main purpose; it may also participate in other companies and establish branches and subsidiaries, in Switzerland and abroad; it may grant loans to its shareholders or third parties, guarantee loans subscribed by its directors or third parties, secure these loans by issuing or pledging mortgage securities, or by subscribing to any other financial commitment, pledge its assets to secure any claim.