Prime's Powerco payout to be revealed

Prime Infrastructure, poised to take over and de-list New Plymouth-based power lines company Powerco, expects to know today how much cash it will be paying out in the deal.

The Australian investment company is paying for Powerco in a controversial mix of cash and unsecured, unrated bonds.

Prime has snared 94.6 per cent of all Powerco shares, meaning it can compulsorily acquire the balance.