OMV slips as it flags Q2 hit from changed laws in Eastern Europe
** Shares in Austrian oil and gas group OMV OMVV.VI fall 3.4% after it gave a mixed Q2 trading update, warning of earnings hits in its chemicals and energy businesses
** Changes in legislation in Eastern Europe and a planned outage of the Brazi power plant in Romania will impact Q2 net operating result in OMV's energy business, it says
** The Vienna-based firm adds inventory effects will impact its chemicals division in a double-digit million euro range
** "Energy is where we see the majority of the negative earnings revisions due to weak Gas & Power Eastern Europe," Jefferies says, anticipating 10-15% downgrades in consensus estimates
** OMV's stock falls to the bottom of the Austrian Traded Index .ATX and is on track for its worst day since early June if losses persist
Reporting by Tristan Veyet
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