The acquisition of participations in all types of companies based in Switzerland or abroad; the acquisition, sale, holding and development of all real estate properties both in Switzerland and abroad. The company may carry out any operation in direct or indirect connection with its purpose, including the creation of branches and subsidiaries in Switzerland and abroad. Furthermore, the company may conclude loan agreements with its shareholders and with third parties, as debtor or creditor, or grant them guarantees, if this serves its interests.