Cleanaway (ASX:CWY) share price on watch after Veolia legal warning

The Cleanaway Waste Management Ltd (ASX: CWY) share price is flat today, despite comments reported by the Australian Financial Review this morning from its competitor, Veolia.

This comes after Cleanaway announced on Thursday last week that it is in discussions with Suez to acquire its Australian operations.

Veolia warns of French takeover law violations

For some context, both Veolia and Suez are France-based companies listed on the Paris Stock Exchange.  

Veolia has been duking it out with Suez since October last year. Around this time, Veolia acquired a 29.9% stake in Suez via another shareholder, power group Engie.

This bid through an external…