The management and acquisition of participations in other companies, including the acquisition of participations in real estate companies (for exclusively commercial use), and the holding of intangible assets. The company may participate in other companies and establish branches and subsidiaries, both in Switzerland and abroad. It may acquire, hold and dispose of real estate (for exclusively commercial use), and, in general, carry out any activity directly or indirectly related to its purpose. It may also grant loans to its shareholders or third parties, act as guarantor or guarantee any commitment made by its shareholders or third parties.