Why do German's think that Bahn AG is not state owned? Oh right, cause it's a publicly traded company, a result of the "privatisation" of rail, telecommunications and co many years ago. But...
Deutsche Bahn AG (Bahn AG) is indeed a joint-stock company (Aktiengesellschaft), but it is 100% owned by the German federal government through a holding company called Bundeseisenbahnvermögen (BEV). So despite being "publicly traded" in legal form, it's effectively state-owned — there are no private shareholders.
That's why train stations and co are being protected by the "Bundespolizei" at a cost of approximately €64 million annually while the rail network itself is lacking maintenance across the entire country.
