Steadfast Group shares have entered a trading halt ahead of an expected further announcement about a potential material transaction.

A release to the Australian Securities Exchange says the halt is necessary “pending an announcement to the market regarding a potential control transaction”.

The halt will continue until the announcement is made or the start of normal trading on Friday.

The shares closed at $3.95 yesterday, giving the company a market capitalisation of $4.39 billion.

insuranceNEWS.com.au will provide further updates as they become available.