 Separately in the same month, the EG Group also proposed an offer to acquire Caltex Australia, which was declined by the Caltex Australia board.In April 2020, ATD decided not to proceed with its acquisition proposal due to the high level of economic uncertainty caused by the COVID-19 pandemic, but will seek to re-engage once there is sufficient clarity to the global economic outlook.In December 2019, Caltex Australia announced that Chevron had given notice to terminate the trade mark licence agreement for the use of the Caltex brand in Australia.