International Consolidated Airlines Group SA (IAG) - owner of British Airways and Iberia plus Germany's Lufthansa AG are said to be interested on biding for TAP. It appears that Portugal Government and IMF where planning TAP's privatization for some time.
http://in.reuters.com/article/2012/08/02/portugal-tap-idINL6E8J2HTV20120802
http://in.reuters.com/article/2012/08/02/portugal-tap-idINL6E8J2HTV20120802