May 23 (Reuters) - Freeport-McMoRan Inc FCX.N :
* FREEPORT-MCMORAN ANNOUNCES AGREEMENT TO SELL PORTION OF COBALT BUSINESS
* FREEPORT-MCMORAN INC - DEAL FOR $150 MILLION, PLUS WORKING CAPITAL AT TIME OF CLOSE.
* FREEPORT-MCMORAN INC - FCX WILL SEPARATE ITS COBALT BUSINESS PRIOR TO COMPLETING TRANSACTION
* FREEPORT-MCMORAN INC - FCX EXPECTS TO RECORD A GAIN ON TRANSACTION.
* FREEPORT-MCMORAN - UMICORE WILL ACQUIRE REFINERY AND CATHODE PRECURSOR BUSINESS, WHICH REPRESENTS ABOUT 60 PERCENT OF REFINERY'S HISTORICAL REVENUES
* FREEPORT-MCMORAN INC - Q1 2019 EARNINGS AND CASH FLOW CONTRIBUTION FROM ASSETS BEING SOLD WAS INSIGNIFICANT TO FCX