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Cenelli
Never heard of them (not that that means much).
OLD increased to 130mm when 8 speed was introduced, but being steel you can just pull the ends out when fitting/removing the wheel: it's only 2mm on each side.
However, depending on the size of the top sprocket it may foul the chain stay near the dropout: easily resolved by fitting a cassette with a smaller one.
Its a Cenelli frame 531, OLD is 126mm