EM-GE Krone M Repeating Air Rifle.
With a repeater mechanism/magazine similar to the Zenit M air pistol, but with a larger 15-shot magazine instead of one for 10 pellets. Seen for sale on eGun.de. With thanks to Mark for the pic of the catalogue page, first posted on the American Vintage Airguns forum.
These pics also spotted on eGun.de:
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