The acquisition of participations in the capital and administration of companies as well as all real estate and investment transactions in real estate, financial, commercial, industrial or other legal entities, in the short, medium or long term, in Switzerland and abroad, excluding operations prohibited by the Federal Act of December 16, 1983 on the acquisition of real estate by foreigners (LFAIE). It may also carry out all real estate transactions, in particular all activities related to the purchase, sale, holding, promotion, marketing, construction as a general or total contractor and development of built or unbuilt properties, excluding operations prohibited by the Federal Act of December 16, 1983 on the acquisition of real estate by foreigners (LFAIE). The company may, in Switzerland or abroad, carry out all commercial, financial or securities transactions directly or indirectly related to its purpose, including lending or granting guarantees to its shareholders or third parties.