* Says agreement on debt rollover indispensable for Europe
* UniCredit's Greece exposure is 800 mln euros
* Shares down 1 pct, in line with sector
(Adds details, quotes)
ROME, July 4 UniCredit SpA , Italy's
biggest bank by assets, will take part in a Greek debt rollover
and considers a European agreement on the plan "indispensable",
Chief Executive Federico Ghizzoni said on Monday.
Ghizzoni had said in mid-June that UniCredit had around 800
million euros ($1.2 billion) in Greek exposure on its 1 trillion
euro balance sheet.
"We will take part (in the debt rollover) as requested, for
Italian banks the contribution is minimal," he told reporters on
the sidelines of a conference. "An agreement is indispensable
for Europe, and not just Europe."
Ghizzoni added that a warning by ratings agency Standard &
Poor's that a Greek debt rollover plan being pushed by French
banks would amount to a selective default was "too much of a
technical interpretation, let's hope this doesn't happen".
French banks, major holders of Greek sovereign debt,
proposed voluntarily renewing some of the bonds when they fell
due, but on different terms.
UniCredit shares were down 1 percent at 1.522 euros at 0926
GMT, in line with the STOXX Europe 600 banking index .
(Reporting by Stefano Bernabei, Writing by Silvia Aloisi in
Milan; Editing by David Holmes)