- The acquisition, holding, management and divestiture of all forms of investment securities and all forms of participation in all companies, both French and foreign, in whatever form they may be, and particularly those having activities in mountain vacations; 
- Participation, direct or indirect, by the company in any of the aforementioned operations, by means of creation of new companies, transfers, subscription or purchase of shares or company rights, mergers, partnerships or otherwise, including providing financing under any form to such companies, and this whether in France or abroad, 
- And, generally, any commercial, financial, industrial, investment and real estate operation, similar to or related directly or indirectly, in the whole or in part, with the stated purpose of the company.