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Getting back to the polo bike. Details. The lugs look Steyr / Puch but not the seat stay caps. Unusual to see them closed like that. Headset bearing group is specific to that Austrian frame and indeed looks correct. Might have been re-painted, some sort of color band on the seat tube... whatever, still is kind of a neat find.
The hubs, especially the fixed rear would tell a lot. It should have engraved (stamped) Styria (note I did not say Steyr). The stamping will also depict a tiny mountain / Alp's.
Hope it works out for you. Good luck!
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