Shares in Tiscali, the Italian internet service provider, may hit the market now that the firm has waived a lock-up clause that prevented two large shareholders from selling their stakes.

Kingfisher, the UK retailing group, and Europatweb, the internet investment vehicle owned by Bernard Arnault, head of LVMH, the French luxury goods group, each have a 2.3% stake. The two firms received Tiscali shares in January in exchange for their shares in Liberty Surf, the French internet company.