In the sense of a holding company, the purchase, sale, administration, holding and management of participations in the financial, commercial, industrial and real estate sectors in Switzerland and abroad in any form, as well as any task related to this purpose directly or indirectly, with the exception of operations prohibited by the LFAIE. With regard to participations in real estate companies based in Switzerland, they will be limited to real estate companies whose properties are exclusively used for commercial purposes.