In € million

 

Notes

 

2017

 

2016

Cash flow from operating activities

 

 

 

183

 

351

Cash flow from investing activities

 

 

 

(105)

 

(166)

Cash flow from financing activities

 

 

 

(1)

 

(67)

Net change in cash and cash equivalents

 

(F20)

 

77

 

118

The cash flow from investing activities of discontinued operations excludes the proceeds linked to the divestments (Acetow and Emerging Biochemicals in 2017; Indupa in 2016).