UPDATE 1-GM, Magna to close Opel sale by mid-Sept -union


* Contract should be ready by July 15 -Opel labour rep * Fiat CEO says heard Magna, GM talks not going well * Chances seen high to reach a deal -source (Adds comments by source) FRANKFURT, June 26 (Reuters) - General Motors and Magna hope to close the sale of a majority stake in GM's Opel by the middle of September, ahead of Germany's general elections, an Opel supervisory board member told Reuters on Friday. "There should be a contract ready by July 15 between GM and Magna...by ...

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