The acquisition, holding, management and sale of participations in companies based in Switzerland and abroad. The company may also carry out activities of granting loans, guarantees, including mortgage guarantees, sureties and bonds, also in favor of third parties, excluding however the exercise of banking and insurance activities. The company may also acquire, encumber, manage, administer and sell real estate in Switzerland and abroad, in compliance with the applicable regulations. The company may also carry out all commercial, industrial and financial operations deemed necessary or useful and functionally connected with the company's purpose, as well as open branches and subsidiaries in Switzerland and abroad.