All real estate transactions in Switzerland and abroad, in particular the acquisition, sale, exchange, rental, management, development and promotion of all real estate, excluding operations prohibited by the LFAIE; the operation, management and administration of public establishments in Switzerland; the management, acquisition and holding of participations in all types of companies, and for all areas of activity, the subscription of issues, the financing of companies, sales and divestment operations, the valuation of companies, advice, in particular in the field of financing and corporate strategy. The company may, in general, carry out all operations having a direct or indirect connection with the company's purposes in Switzerland and abroad. The company may have subsidiaries or establish branches in Switzerland and abroad.