Maybe Medium weight? There is also a Cobya Variable, you you could probably get an exact match that way, if you need it.
Carattere Identificato: Cobya The fancy version of the letters are found under Swash using the MyFonts tester (see the ff meny).
Carattere Identificato: Plaza The typeface has all kinds of swashes and stylistic sets for the variations in your sample.
This may be a clone of Berthold Block of some kind, but it reproduces the distressing from the sample.
The O is probably a designer’s addition. The rest is Tan-Buster, for sure.
I think Psilograph is right, but I’m not convinced about the weight.
I think this is it, except that the designer changed the T, and tucked the M behind a graphic element.
Fuso orario: CEST. Ora sono le 05:24