SP AusNet placed in trading halt

Group to make announcement on services deal with Singapore Power.

SP AusNet (SPN) shares have been placed in a trading halt as the company holds discussions with Singapore Power about the groups' management services agreement.

SP AusNet said it expects to be able to make an announcement today about the agreement, under which a subsidiary of Singapore Power, SPI Management Services, provides management services to SP AusNet.

The energy company's shares will remain halted until the start of normal trade on April 2 or when the announcement is released.