Altria Group Inc. /zigman2/quotes/208895754/composite MO -0.72% said Friday it has agreed to sell its Ste. Michelle Wine Estates business to private-equity firm Sycamore Partners Management L.P. for about $1.2 billion in cash. Altria expects the deal to close in the second half of 2021. The deal is expected to allow the company focus on its transition to non-combustible products. Proceeds will be used to fund share buybacks, subject to board approval. Altria shares were up 0.8% premarket and have gained 13% in the year to date, while the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.10% has gained 12.5% and the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.15% has gained 15%.