In the sense of a holding company, acquiring, holding, selling, administering and managing participations in all commercial, industrial and financial companies, located in Switzerland or abroad, by acquiring shares, bonds, participations, holding claims in any other adequate form. The company may establish subsidiaries and branches in Switzerland and abroad. It may also participate in the financing of the companies it holds, in the general interest of the latter. It may, in particular, grant or receive loans, guarantees and securities from its associates, subsidiaries or any third party. In general, the company may carry out all transactions and take all measures that appear appropriate to promote its corporate purpose or that are related to it.