All activities involving the acquisition of direct and indirect participations in any companies or enterprises, with participations in real estate companies exclusively for commercial use in Switzerland, in the sense of a holding company. The company may be active in the purchase, rental and sale of all kinds of commercial goods and objects, as well as offer transportation and accommodation services. The company may also carry out, either on its own account or on behalf of third parties, all commercial, movable and financial transactions, in direct or indirect relation to its purpose, in any form whatsoever, in particular in the form of participations. The company may open branches in Switzerland and abroad, establish or acquire any enterprise pursuing an analogous or complementary purpose. The company may grant loans or any guarantees to its shareholders or to third parties.