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FN stands for Fabrique Nationale Herstal, Belgium. 98 is the type of action, based on the Mauser 1898.
FN made a lot of these large ring commercial actions, sold to different manufacturers, such as Husqvarna, Sako, Weatherby, Browning just to name a few.
They own Browning and Winchester and are the famous manufacturers of the FN FAL and Browning HP pistols. They are related to J. Browning, because they manufactured a lot of is late designs.
 
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