Some German over here claim that around that time when this was built Pelizzoli also built Coppi frames.

The bike in question here in my personal sum up is a true oddball because:
- already at 2000 most frames were alu while this is steel
- alu + carbon as a common combo, so far I haven found steel+CF ones in this setup even from others
- the COPPI-only branding exists to this day but it seems to be a later change from Fausto Coppi than early 2000s
- almost all period Coppi models bear some form of model name even if some weirdo codes.

Until a similar frame is found on the web (I found really similar ones but in alu+CF) the question if its a respray doesnt make sense