Advisory fees for Australia's biggest domestic merger deal - Wesfarmers' stock and cash bid for Coles - have been estimated to total $353 million, according to the scheme booklet released on Monday, and probably match the offer's status as the largest distribution of fees and expenses to investment bankers, lawyers and others in the country.The estimate includes advisory fees for both sides of the transaction, although the booklet says it does not include fees incurred by Coles from the "ownership review" that preceded the Wesfarmers bid. The estimate does, however, include unspecified estimates for "redundancies, retentions and other entitlements." There was no further breakdown of the fees in the booklet, but the estimate is consistent with market expectations that the total cost will sit at around two per cent of the transaction value, which is currently around $18 billion. The estimate is also consistent with the $150 million break fee that is payable to Wesfarmers, to cover its own costs and expenses and that of its advisors - the Robin Bishop led team from Macquarie, a team led by David Feetham at its partly-owned Gresham Partners and Ewen Crouch and Tom Story from Allens Arthur Robinson - should the deal not proceed. Coles could be expected to have incurred similar costs. Its advisers include John Wylie from the newly merged Lazard Carnegie Wylie, a Deutche Bank AG team that includes its former head of investment banking Hamish Douglass, and the Freehills team of Rodd Levy and Neil Pathak. Grant Samuel & Associates, who prepared the independent expert's report, received a fixed fee of $3.5 million, plus expenses.