BBVA filed a complaint against rival Sabadell with the Spanish stock market regulator CNMV on October 6, 2025, alleging that Sabadell is obstructing a shareholder vote on its takeover bid. This legal action underscores the contentious nature of the ongoing hostile acquisition.
The complaint suggests that BBVA believes Sabadell's actions are impeding the fair process for shareholders to consider the tender offer. This move is aimed at ensuring transparency and compliance with regulatory procedures during the critical acceptance period.
For investors, this indicates an escalation in the battle for Sabadell, with BBVA employing legal means to advance its bid. The outcome of this complaint could influence the dynamics of the takeover, potentially affecting shareholder participation and the overall timeline of the deal.
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