Bank of America has acquired a 3.1% stake in BBVA, coinciding with BBVA's ongoing hostile takeover bid for Banco Sabadell. The CEO of Banco Sabadell, César González-Bueno, stated in a recent interview that it would be 'very logical' and 'honorable' for BBVA to withdraw its offer. In response to the takeover, BBVA has engaged Deloitte to prepare for the potential integration of Sabadell, indicating confidence in the success of the bid. Meanwhile, Pimec has urged the CNMC to reject BBVA's offer, citing concerns that the merger could threaten the stability of the banking sector. Critics have voiced that the BBVA-Sabadell merger could negatively impact local enterprises.