Swiss bank UBS will have to wait to pick up fees for advising Anglo American on its sale of UK road-builder Tarmac, after the metals and mining company decided to delay its disposal of the business.
UBS became sole financial adviser to Anglo American in December when Goldman Sachs was removed from the mandate after agreeing to advise rival BHP Billiton on its $154bn (â¬105bn) takeover of Rio Tinto.
